Commonwealth Numbered Regulations Commonwealth Numbered Regulations
ASIC Supervisory Cost Recovery Levy Regulations 2017
1 Paragraph 67(1)(b)
After "financial year,", insert "a participant in".
2 At the end of Part 3
Add:
Division 7 -- Large institutions sector
(1) Each section in Subdivision 7.2 specifies criteria for identifying one or more leviable entities that form part of the sub-sector mentioned in the section.
(2) The sub-sectors for which criteria are specified in this Division are in the large institutions sector .
Subdivision 7.2 -- Sub-sectors to which basic levy component applies
72B Entities subject to close and continuous monitoring
(1) A leviable entity forms part of the entities subject to close and continuous monitoring sub-sector in the financial years beginning on 1 July 2018 and 1 July 2019 if:
(a) the total value of deposits held on 1 July 2018 in deposit products issued by the entity is at least $100,000,000,000; or
(b) there are at least 1,000 relevant providers (within the meaning of section 910A of the Corporations Act 2001 ) that are, on 1 July 2018:
(i) registered on the Register of Relevant Providers (within the meaning of section 910A of that Act); and
(ii) authorised to provide personal advice to retail clients on behalf of the entity.
Levy component
(2) The basic levy component applies to the sub-sector for the financial years beginning on 1 July 2018 and 1 July 2019.
Note: For the basic levy component, see section 9.
3 Schedule 1 (after table item 8)
Insert:
| 8AA | Entities subject to close and continuous monitoring | section 72B |